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2020-05-02 00:00:00+00:00
AAL
2 Investing Tricks to Double Your Money
Welcome back, Motley Fools! It's May, and you know what that means: Once again, it's time to reveal for you a couple of (new, but time-tested) investing tricks to double your money. Last time around, we discussed using the rule of 72 to plump up your portfolio, and also took a quick tour 'round the incredible world of ...
2020-05-02 00:00:00+00:00
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What Warren Buffett Said at Berkshire Hathaway's 2020 Shareholder Meeting
Warren Buffett is the most closely followed investor in the world, and every year, shareholders of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) look forward to hearing what the Oracle of Omaha has to say. Because of the coronavirus pandemic, however, the tens of thousands of people who would ordinarily descend on Neb...
2020-05-02 00:00:00+00:00
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Warren Buffett says the coronavirus cannot stop America, or Berkshire Hathaway
By Jonathan Stempel and Megan Davies May 2 (Reuters) - Billionaire investor Warren Buffett on Saturday said the United States' capacity to withstand crises provides a silver lining as it combats the coronavirus, even as he acknowledged that the global pandemic could significantly damage the economy and his investments....
2020-05-02 00:00:00+00:00
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Warren Buffett Sold All His Airline Stocks: Should You Sell Too?
Warren Buffett has bailed on the airlines, with Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) selling its entire stakes in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL). Airline stocks have been hard hit by the COVID-19 pa...
2020-05-02 00:00:00+00:00
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Berkshire sells entire stakes in U.S airlines - Buffett
By David Shepardson and Jonathan Stempel May 2 (Reuters) - Berkshire Hathaway Inc BRKa.N sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said Saturday at the company's annual meeting, saying "the world has changed" for the aviation industry. The conglomerate had held sizeable ...
2020-05-01 00:00:00+00:00
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Why Boeing Stock Is Up After a Dismal Earnings Report
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) delivered its first-quarter results on April 29. The numbers were ugly, as you might expect for a company largely reliant on selling airplanes at a time when the novel coronavirus pandemic is hammering airlines. In addition, Boeing stock co...
2020-05-01 00:00:00+00:00
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U.S. airlines now requiring masks, promise more safety measures
By Tracy Rucinski and David Shepardson May 1 (Reuters) - With the largest U.S. airlines now set to mandate - and provide - facial coverings for all passengers over the next two weeks, many are turning their focus to other measures to prevent the spread of the new coronavirus during air travel. United Airlines Holdings ...
2020-05-01 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline shares were under pressure Friday following United Airlines Holdings' (NASDAQ: UAL) first-quarter earnings release, providing fresh evidence of the damage done to the industry by the COVID-19 pandemic. Shares of United and American Airlines Group (NASDAQ: AAL) led the sector lower on Friday, each ...
2020-05-01 00:00:00+00:00
AAL
Government Bailout Gives American Airlines Stock Speculative Chances
InvestorPlace - Stock Market News, Stock Advice & Trading Tips President Donald Trump’s administration bailed out American Airlines (NASDAQ:AAL), but it can’t make people fly. It also can’t single-handedly save AAL stock. Source: GagliardiPhotography / Shutterstock.com A $5.8 billion check from the government keeps the...
2020-05-01 00:00:00+00:00
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Major U.S. Airlines Add Requirement for Passenger Face Masks
When United Airlines Holdings (NASDAQ: UAL) announced last week that it would immediately begin requiring its flight attendants to wear face masks while on duty, the Association of Flight Attendants union welcomed the new policy. It also sent letters to the Secretaries of Transportation and Health and Human Services as...
2020-05-01 00:00:00+00:00
AAL
5 Top Stock Trades for Monday: AAPL, XOM, TSLA, AAL, WDC
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Friday had plenty of big movers for us to pick from. That said, let’s look at a few top stock trades for next week. Top Stock Trades for Monday No. 1: Apple (AAPL) Click to Enlarge Source: Chart courtesy of StockCharts.com Shares of Apple (NASDAQ:AAPL) ar...
2020-04-30 00:00:00+00:00
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Why Shares of American Airlines and Other Carriers Are Declining Today
What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10% at the open on Thursday after the company reported first-quarter results, and other airline stocks were also hit hard, with United Airlines Holdings (NASDAQ: UAL) and Delta Air Lines (NYSE: DAL) falling 9% and 5%, respectively. The stocks recovered ...
2020-04-30 00:00:00+00:00
AAL
Wall Street falls on grim jobless claims data
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window. Facebook jumps after upbeat quarterly revenue Tesla jumps after reporting profitable quarter U.S. weekly jobless claims remain elevated McDonald's dips as quarterly profit slides Indexes off: Dow 1.05%, S&P 500 0.83%, Nasdaq 0.21% Add...
2020-04-30 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Facebook, Zoom, Twitter
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks fell on Thursday as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat r...
2020-04-30 00:00:00+00:00
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Consumer Sector Update for 04/30/2020: K,TSLA,AAL,MCD
Consumer stocks were mostly lower, with McDonalds (MCD) sinking more than 2% after earlier reporting Q1 earnings trailing Wall Street expectations and the fast-food giant saying the COVID-19 pandemic was causing "dramatic changes" in consumer behavior. At last look, the SPDR Consumer Staples Select Sector ETF was down ...
2020-04-30 00:00:00+00:00
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Stocks End Record Month on a Low Note
Stocks’ recent rally was interrupted on Thursday as grim data from North America and Europe outweighed recent economic optimism. U.S. government figures showed that 3.8 million people filed initial claims for unemployment benefits in the latest week, bringing the total newly out of work since the coronavirus struck the...
2020-04-30 00:00:00+00:00
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Stock Market Wrap-Up: Big Investors Are Betting on Airlines. Should You?
The stock market gave up ground on Thursday, but that wasn't enough to take away from what was an amazingly positive month for stocks in April. Even with the day's declines, the Dow Jones Industrial Average (DJINDICES: ^DJI) finished the month with a gain of more than 2,400 points, or 11%. The S&P 500 (SNPINDEX: ^GSPC)...
2020-04-30 00:00:00+00:00
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Wall St caps best month in decades with broad sell-off
By Stephen Culp NEW YORK, April 30 (Reuters) - U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500's best month in 33 years, a remarkable run driven by expectations the economy will soon start recovering from crushing restrictions e...
2020-04-30 00:00:00+00:00
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The Dow Fell 288 Points, but Marked the Biggest Monthly Gain in Decades
U.S. stocks dropped on Thursday as the latest economic data continue to suggest weakness and headwinds. The Dow Jones Industrial Average lost 288.14 points, or 1.17%, to close at 24,345.72. The S&P 500 fell 27.08 points, or 0.93%, to end at 2912.43, and the Nasdaq Composite slid 25.16 points, or 0.28%, to close at 8889...
2020-04-30 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Facebook, Twitter, Valaris
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but ...
2020-04-30 00:00:00+00:00
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American Airlines Stock Dives on Missed Earnings and Cash-Burn Rate
American Airlines Group missed earnings estimates for the first quarter, and the stock is drifting down as investors appear unimpressed with the company’s efforts to conserve cash and cut costs in the face of the coronavirus. American (ticker: AAL) reported an adjusted loss of $2.65 a share, missing consensus estimates...
2020-04-30 00:00:00+00:00
AAL
Wall Street slides on bleak data, capping a banner month
By Stephen Culp NEW YORK, April 30 (Reuters) - U.S. stocks fell on Thursday as grim economic data and mixed earnings prompted investors to take some profits at the close of Wall Street's best month in decades. Although a broad sell-off in the session pushed all three major U.S. stock averages into the red, April noneth...
2020-04-30 00:00:00+00:00
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Dow, S&P 500 futures dip at end of strong month; jobless data awaited
By C Nivedita April 30 (Reuters) - Dow and S&P 500 stock index futures dipped on Thursday as nerves kicked in at the end of an overall strong month for stocks with investors awaiting the weekly jobless claims data, while Nasdaq futures rose after upbeat earnings from Facebook and Tesla. Historic U.S. monetary and fisca...
2020-04-30 00:00:00+00:00
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The Coronavirus Has Cost Buffett $1.1 Billion in Annual Dividend Income
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett may well be the greatest investor of our time. We're talking about someone who first began investing in the stock market at age 11, and who built a roughly $10,000 nest egg in the 1950s into a net worth of $74 billion today. Mind you, this figure would be...
2020-04-30 00:00:00+00:00
AAL
American Airlines posts first quarterly loss since emerging from bankruptcy
April 30 (Reuters) - American Airlines AAL.O on Thursday posted its first quarterly loss since emerging from bankruptcy in 2013, and said it expects second-quarter cash burn rate to be about $70 million per day, as the COVID-19 pandemic brought travel to a near standstill. The U.S. airline swung to a net loss of $2.24 ...
2020-04-30 00:00:00+00:00
AAL
American Airlines Posts $2.2 Billion Loss on COVID-19 Woes
American Airlines Group (NASDAQ: AAL) lost $2.2 billion in the first quarter as the airline industry was decimated by the COVID-19 pandemic. The company reported quarterly results this morning. The airline is taking steps to cut costs to weather the storm, but will likely need to raise additional capital in the months ...
2020-04-30 00:00:00+00:00
AAL
Glencore slashes 2020 spending, production guidance as coronavirus hits
Adds detail, context LONDON, April 30 (Reuters) - Glencore GLEN.L on Thursday cut its capital expenditure and production targets in 2020 as the coronavirus worsened the economic outlook and hit its business. The London-listed miner said spending for the year would fall by $1 billion-$1.5 billion from an original expect...
2020-04-30 00:00:00+00:00
AAL
American Airlines Slips To Loss In Q1; Stock Down
(RTTNews) - American Airlines Group Inc. (AAL) reported that its first-quarter net loss was $2.24 billion or $5.26 per share, compared to net income of $185 million or $0.41 per share in the prior year. In Thursday pre-market trade, AAL is trading at $11.92, down $0.71 or 5.62 percent. Excluding net special items, firs...
2020-04-30 00:00:00+00:00
AAL
Wall St set to slide at open after jobless claims data
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window. Facebook jumps after upbeat quarterly revenue Tesla jumps after reporting profitable quarter U.S. weekly jobless claims remain elevated McDonald's dips as quarterly profit slides Futures down: Dow 1.03%, S&P 500 1.01%, Nasdaq 0.35% Ad...
2020-04-30 00:00:00+00:00
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American Airlines Group Inc Q1 adjusted earnings Miss Estimates
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.24 billion in Q1 vs. $0.19 billion in the same period last year. -EPS: -$5.26 in Q1 vs. $0.41 in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$1.13 billion or -$...
2020-04-29 00:00:00+00:00
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BA parent bets on cost cuts, not government, to survive coronavirus crisis
By Sarah Young LONDON, April 29 (Reuters) - IAG's ICAG.L move to axe up to 12,000 jobs at its main British Airways business reflects boss Willie Walsh's preference to slash costs rather than seek a state bailout to survive what is expected to be the worst downturn in aviation history. The veteran executive is betting t...
2020-04-29 00:00:00+00:00
AAL
Why Airline Shares Are Soaring Today
What happened Many airline stocks have lost more than half of their value this year, as the COVID-19 pandemic has caused global air travel demand to evaporate and left carriers scrambling to cut costs to survive. The stocks have been trading as if bankruptcies were inevitable. While the pandemic is far from contained, ...
2020-04-29 00:00:00+00:00
AAL
American Airlines Stock Is Still a Long-Term Winner
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Several upbeat comments by Southwest Airlines (NYSE:LUV), which reported its first-quarter results yesterday, bode well for the longer-term outlook of American Airlines (NYSE:AAL) stock. Southwest’s comments are also positive for all airlines in the U.S. So...
2020-04-29 00:00:00+00:00
AAL
Wait For Another Pullback Before Buying American Airlines
InvestorPlace - Stock Market News, Stock Advice & Trading Tips [Editor’s Note: “Wait For Another Pullback Before Buying AAL Stock” was originally published April 22, 2020. It is regularly updated to include the most relevant information.] Source: GagliardiPhotography / Shutterstock.com I don’t have to tell how bad the ...
2020-04-28 00:00:00+00:00
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S. Africa mining firms work together against COVID-19 as mines reopen
JOHANNESBURG, April 28 (Reuters) - South African mining companies are setting up shared quarantine facilities for miners testing positive for COVID-19 and are discussing other ways to cooperate, as the vital national industry gradually restarts operations halted since late March. President Cyril Ramaphosa agreed last w...
2020-04-28 00:00:00+00:00
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Southwest posts first quarterly loss in 9 years and warns on outlook
By Tracy Rucinski April 28 (Reuters) - Southwest Airlines Co LUV.N on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as it sought to raise another $2.6 billion to help weather the coronavirus pandemic. Its shares were down 2.3% to $28.45 in premarket ...
2020-04-28 00:00:00+00:00
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JetBlue Will Require Airline Passengers to Wear Masks
Beginning Monday, May 4, JetBlue Airways (NASDAQ: JBLU) passengers will be required to wear face coverings from the beginning of the check-in process all the way through deplaning. JetBlue is among a group of airlines that have initiated personal protective equipment (PPE) policies to address operating during the ongoi...
2020-04-28 00:00:00+00:00
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Southwest posts first quarterly loss in 9 years and warns of more coronavirus clouds
By Tracy Rucinski April 28 (Reuters) - Southwest Airlines Co LUV.N posted on Tuesday a $94 million net loss in the first quarter, its first quarterly loss in nine years, due to the coronavirus pandemic and said it sees no major improvement in air travel in the second quarter. The COVID-19 crisis has decimated travel de...
2020-04-28 00:00:00+00:00
AAL
American Airlines To Give Face Masks, Sanitizing Wipes To Customers
(RTTNews) - American Airlines said that from early May, it will start distributing face masks and sanitizing wipes or gels to customers boarding its aircraft. The airline will also ask its flight attendants to wear protective masks during every mainline and regional flight from May 1. American Airlines said its offerin...
2020-04-28 00:00:00+00:00
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Why Airline Shares Are Up Today
What happened Shares of U.S. airlines are gaining altitude on Tuesday, powered by a number of new datapoints that indicate the industry still has access to capital markets, and is holding up as well as can be expected despite a dramatic drop-off in travel demand. Airlines are far from out of danger, but all indications...
2020-04-28 00:00:00+00:00
AAL
Stay on the Sidelines While Delta Stock Is Up in the Air
InvestorPlace - Stock Market News, Stock Advice & Trading Tips [Editor’s Note: “Stay on the Sidelines While Delta Stock Is Up in the Air” was originally published April 13, 2020. It is regularly updated to include the most relevant information.] Source: NextNewMedia / Shutterstock.com It’s no secret the novel coronavir...
2020-04-28 00:00:00+00:00
AAL
American Airlines’ First Quarter Results Might Not Be Too Bad
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) reports first-quarter results April 30 before the markets open. They aren’t expected to be anything to write home about, especially for AAL stock. Source: GagliardiPhotography / Shutterstock.com That said, if I owned American ...
2020-04-27 00:00:00+00:00
AAL
Live Updates: Are Millennial Investors Wrong About American Airlines Stock?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: GagliardiPhotography / Shutterstock.com Welcome to InvestorPlace’s American Airlines (NASDAQ:AAL) live blog, where you can find up-to-the-second insights in AALstock newstoday. [Check back often, as this page will be updated with more AALstock newsa...
2020-04-27 00:00:00+00:00
AAL
De Beers' Namibia diamond venture boosts output by nearly 6% in Q1
WINDHOEK, April 27 (Reuters) - De Beers' Namibia joint venture, Namdeb, increased diamond production by 5.8% in the first quarter from a year earlier, according to data from De Beers' parent Anglo American AAL.L. Mining in Namibia was not disrupted by the global coronavirus pandemic in the first quarter, as the country...
2020-04-27 00:00:00+00:00
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Buffett and Abel, but not Munger, to field questions at Berkshire annual meeting
April 27 (Reuters) - Warren Buffett's Berkshire Hathaway Inc BRKa.N will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not. Berkshire said on Monday that Buffett, 89, and Vice Chairman Greg Abel, 57, will be physical...
2020-04-27 00:00:00+00:00
AAL
American Airlines mandates masks for flight attendants
April 27 (Reuters) - American Airlines Group Inc AAL.O on Monday mandated its flight attendants to wear masks starting May 1, and announced enhanced cleaning procedures in response to the COVID-19 pandemic. Customer and staff areas including tray tables, seatbelt buckles, jump seats and crew rest seats would be cleaned...
2020-04-25 00:00:00+00:00
AAL
U.S. airlines receive extra $9.5 bln in payroll support - U.S. Treasury
By Jonathan Landay and David Shepardson WASHINGTON, April 25 (Reuters) - The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the total provided to the airline sector hit hard by the coronavirus pa...
2020-04-24 00:00:00+00:00
AAL
First Week of AAL June 5th Options Trading
Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading this week, for the June 5th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 5th contracts and identified one put and one call contract of particular interest. T...
2020-04-23 00:00:00+00:00
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3 Warren Buffett Stocks to Avoid at All Costs
While debatable, there's probably not a more revered investor than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Having begun with $10,000 in seed capital in the 1950s, Buffett has built his net worth to almost $75 billion, which doesn't include the tens of billions he's graciously donated to philan...
2020-04-23 00:00:00+00:00
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UK Stocks-Factors to watch on April 23
April 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 25 points lower at 5,746 on Thursday, according to financial bookmakers. * ROYAL DUTCH SHELL: Royal Dutch Shell RDSa.L has postponed decisions on whether to go ahead with two large oil and gas developments in the Gulf of Mexico and North Sea after oil ...
2020-04-23 00:00:00+00:00
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Anglo American says cuts capex on coronavirus as it posts lower Q1 production
LONDON, April 23 (Reuters) - Global miner Anglo American said on Thursday slashed its capital expenditure guidance for the year by about $1 billion and warned of delays some projects due to coronavirus. The London-listed miner said overall production in its first quarter fell by 4% mainly due to lockdown measures. (Rep...
2020-04-23 00:00:00+00:00
AAL
FACTBOX-Disruptions to copper operations from coronavirus outbreak
Refinitiv page on coronavirus impact on metals: https://amers1.apps.cp.thomsonreuters.com/cms/?navid=819738696 April 23 (Reuters) - The following are closures, suspensions and disruptions of copper operations and projects due to the coronavirus outbreak. Analysts at Refinitiv have cut their forecast for global copper m...
2020-04-23 00:00:00+00:00
AAL
DAL Stock Is Set to Rebound After Re-Opening Measures Are Complete
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Multiple positive signs and green shoots are emerging for airlines, including Delta Air Lines Stock (NYSE:DAL). As these positive signs and green shoots strengthen, DAL stock will likely rebound. Source: NextNewMedia / Shutterstock.com One of the deterrents...
2020-04-23 00:00:00+00:00
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3 Top Value Stocks to Buy Now
According to The Wall Street Journal, April 6 to April 17, 2020, saw the best two-week performance by the Dow Jones Industrial Average since the 1930s. If you feel like you've missed out on the market's rise, don't worry, there's value if you know where to look. Here are three value stocks that have the financial stren...
2020-04-23 00:00:00+00:00
AAL
United mandates masks for flight attendants, unions want passengers included
By Tracy Rucinski and David Shepardson April 23 (Reuters) - All United Airlines flight attendants must wear a face covering or mask while on duty starting April 24, it said on Thursday, in the first such rule by a major U.S. carrier. The Association of Flight Attendants (AFA), whose members work for United Airlines Hol...
2020-04-22 00:00:00+00:00
AAL
American Airlines Stock Is Crazy Cheap But Extremely Risky
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airlines have been one of the hardest-hit industries in 2020 thanks to the novel coronavirus. American Airlines (NYSE:AAL) stock is down 61.4% year-to-date, and it’s not alone. Travel restrictions have banned many flights and brought the global travel indus...
2020-04-22 00:00:00+00:00
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How Banks Have Prepared for a Slowdown
In this episode of Motley Fool Money, Chris Hill and Motley Fool analysts Jason Moser and Ron Gross discuss the rising stock market and the upcoming earnings season. Get updates on what's going on with the retail space. Discover how some companies are gaining traction in this environment and what's happening in adverti...
2020-04-22 00:00:00+00:00
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Why Oil Dropped So Suddenly
In this episode of MarketFoolery, Mac Greer and Motley Fool analyst Emily Flippen talk about the latest market headlines, the oil industry, and what drives the financial behavior of airlines. There are also tech updates on the fight against COVID-19 and some gaming news. Finally, they have news from the cannabis indust...
2020-04-22 00:00:00+00:00
AAL
Why Airline Shares Are Down Today
What happened Airline shares were under pressure Wednesday after Delta Air Lines (NYSE: DAL) became the first in the sector to post first-quarter results. Delta actually lost less money in the quarter than analysts had anticipated, but the airline was clear that things have only gotten worse since the first quarter end...
2020-04-21 00:00:00+00:00
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Better Buy: Delta Air Lines vs. Southwest Airlines
It would be a mammoth understatement to say that the past two months have been challenging for airline stocks. America's two largest airlines by market capitalization, Southwest Airlines (NYSE: LUV) and Delta Air Lines (NYSE: DAL) have watched their share prices tumble as the number of people traveling by air has dropp...
2020-04-21 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Energous, Hertz Global, PAVmed
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street retreated for a second straight day on Tuesday as a collapse in U.S. crude prices and glum annual forecasts by companies foreshadowed the bigges...
2020-04-21 00:00:00+00:00
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Don’t Book A Flight With United Airlines Stock Just Yet
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The wholesale destruction of the aviation industry has captured the fascination of investors everywhere. Companies from Delta Airlines (NYSE:DAL) and Jet Blue Airways (NYSE:JBLU) to American Airlines (NYSE:AAL) and United Airlines (NYSE:UAL) have seen share...
2020-04-20 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline stocks sputtered on Monday after United Airlines Holdings (NASDAQ: UAL) released preliminary first-quarter results that came in well below expectations. Investors knew first- and second-quarter numbers would be under pressure, but United's actual numbers paint a picture of how challenging operatio...
2020-04-20 00:00:00+00:00
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After JetBlue Receives CARES Act Aid, Is JBLU Stock a Buy?
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have been devastated by the novel coronavirus and its resulting travel restrictions. JetBlue (NASDAQ:JBLU), the nation’s sixth largest airline, is no exception. Between February 13 and March 23, JBLU stock dropped in value by 68%. Source: Rom...
2020-04-20 00:00:00+00:00
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Monday's ETF with Unusual Volume: IYC
The iShares U.S. Consumer Services ETF is seeing unusually high volume in afternoon trading Monday, with over 122,000 shares traded versus three month average volume of about 53,000. Shares of IYC were trading flat on the day. Components of that ETF with the highest volume on Monday were American Airlines Group, tradin...
2020-04-20 00:00:00+00:00
AAL
U.S. Treasury releases $2.9B in airline support, finalizes payroll agreements
WASHINGTON, April 20 (Reuters) - The U.S. Treasury Department said on Monday it has disbursed $2.9 billion in initial payroll assistance to 54 smaller passenger carrier and two major passenger airlines, while it finalized grant agreements with six major airlines. The Treasury is initially giving major airlines 50% of f...
2020-04-20 00:00:00+00:00
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Risk-Takers Have a Reasonable Shot With American Airlines Stock
The airlines are high-risk stocks here with passenger traffic down over 95% and American Airlines (AAL) is one of the riskiest in the sector. The ability of the airline sector to obtain government aid to cover payroll costs is a huge positive for the sector. The move eliminates the direst outcomes for the sector making...
2020-04-20 00:00:00+00:00
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7 Strong Value Stocks to Buy for 2020
InvestorPlace - Stock Market News, Stock Advice & Trading Tips [Editor’s note: “7 Strong Value Stocks to Buy for 2020” is regularly updated to include the most relevant information available.] Value stocks can broadly be defined as stocks which trade at a discount to the market, typically measured on a price-earnings b...
2020-04-20 00:00:00+00:00
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Should You Get Grocery Stocks Now?
In this episode of Market Foolery, Chris Hill and Motley Fool analyst Andy Cross look at some business headlines from the markets. The earnings season is here, and two big banks came out with their first-quarter results. Major airlines reach an agreement with the Treasury Department. The guys also chat about retail spa...
2020-04-17 00:00:00+00:00
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Delta Waives Flight Change Fees Thru September 2022
The toll COVID-19 has taken on human health is staggering. Viewed in that context, the contagion's effects on individual travel plans pale in comparison. But on an individual level, many more millions of Americans are feeling the disruption to their lives more in the form of travel restrictions and problems dealing wit...
2020-04-17 00:00:00+00:00
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U.S. airlines sitting on $10 billion owed to consumers for canceled flights, lawmakers say
By David Shepardson and Tracy Rucinski April 17 (Reuters) - U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many U.S. airlines are cancelling between 60% and 80% of their flights, and ...
2020-04-17 00:00:00+00:00
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Why Airline Stocks Are Up Today
What happened Markets jumped on Friday on news of progress treating COVID-19 and talk of soon reopening the economy, and airline stocks joined the surge higher. Airlines have been hit hard by the pandemic, and the industry needs a rapid recovery to avoid further downsizing. Shares of American Airlines Group (NASDAQ: AA...
2020-04-17 00:00:00+00:00
AAL
UAL Stock Isn’t a Buy Because the Bailout Won’t Make People Travel
InvestorPlace - Stock Market News, Stock Advice & Trading Tips This week was a big one for United Airlines (NASDAQ:UAL) as the firm finally came to an agreement with the U.S. government regarding a bailout package. The deal sent UAL stock 7% higher on Tuesday, though the airline is still trading nearly 70% lower so far...
2020-04-17 00:00:00+00:00
AAL
U.S. airlines sitting on $10 billion in travel vouchers, lawmakers say
By David Shepardson and Tracy Rucinski April 17 (Reuters) - U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday. Many U.S. airlines are cancelling between 60% and 80% of their flights, and ...
2020-04-17 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Netflix, Cutera, Moderna
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street bounced on Friday as Boeing said it would resume production of commercial jets, with investors also cheering President Donald Trump's plan to re...
2020-04-16 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Roku, Rite Aid, Jack in the Box, ThermoGenesis
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about rough first-quarter earnings and lasting economic damage from the cor...
2020-04-16 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-Edison Nation, Soligenix, Arcus Biosciences, Bed Bath & Beyond
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh The S&P 500 and Dow Jones slipped on Thursday, giving up early gains as concerns about dismal first-quarter earnings and lasting economic damage from the co...
2020-04-16 00:00:00+00:00
AAL
S&P 500 Movers: UAL, ABT
In early trading on Thursday, shares of Abbott Laboratories topped the list of the day's best performing components of the S&P 500 index, trading up 5.5%. Year to date, Abbott Laboratories registers a 10.4% gain. And the worst performing S&P 500 component thus far on the day is United Airlines Holdings, trading down 10...
2020-04-16 00:00:00+00:00
AAL
Nasdaq 100 Movers: UAL, SGEN
In early trading on Thursday, shares of Seattle Genetics topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.4%. Year to date, Seattle Genetics registers a 14.2% gain. And the worst performing Nasdaq 100 component thus far on the day is United Airlines Holdings, trading down 8....
2020-04-15 00:00:00+00:00
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EXCLUSIVE-Major U.S. airlines plan to apply for government loans in addition to grants -sources
By Tracy Rucinski and David Shepardson April 15 (Reuters) - Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said. The U.S. Treasury told airlines to apply by Friday if they want...
2020-04-15 00:00:00+00:00
AAL
Will the Airline Bailout Hurt Investors?
The coronavirus pandemic has brought the global economy to a standstill, and few industries have taken more of a hit than the airlines. With travel restrictions making passenger travel nearly impossible, major airlines such as Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), and American Airlines Group (NAS...
2020-04-15 00:00:00+00:00
AAL
United cuts May flights by 90%, tells employees to brace for job cuts
By Tracy Rucinski April 15 (Reuters) - United Airlines Holdings Inc UAL.O said on Wednesday that it has cut its flight schedule by 90% in May and expects similar cuts for June as a result of the coronavirus pandemic, and warned that travel demand that is now "essentially at zero shows no sign of improving in the near t...
2020-04-15 00:00:00+00:00
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Warren Buffett's Moves and Big News for Fintechs
We recently learned that Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold shares of three of its major stock holdings. Is Warren Buffett losing faith in these investments, or is there more to the story? And we recently found out that some of our favorite fintech companies like PayPal (NASDAQ: PYPL) will be participa...
2020-04-15 00:00:00+00:00
AAL
Why Airline Shares Are Higher Today
What happened Airline stocks flew higher at the open on Wednesday after the industry secured agreements with the Treasury Department for the first tranche of bailout funds, providing reassurance to investors worried the airlines could end up bankrupt due to the COVID-19 pandemic. Shares of JetBlue Airways (NASDAQ: JBLU...
2020-04-15 00:00:00+00:00
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Wall Street set to slump after gloomy economic data, bank earnings
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window NY Fed Empire State manufacturing index slumps to record low BofA, Citigroup, Goldman Sachs fall as profit slumps J.C. Penney sinks on report it is considering bankruptcy Record drop in March retails sales Futures tumble: Dow 2.58%, S&...
2020-04-15 00:00:00+00:00
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US STOCKS-Oil slide dents futures as bank earnings get underway
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window UnitedHealth rises on profit beat, reaffirms forecast Bank of America dips as profit slumps J.C. Penney sinks on report it is considering bankruptcy Retails sales data set for 8:30 a.m. ET Futures tumble: Dow 1.47%, S&P 1.70%, Nasdaq 0...
2020-04-15 00:00:00+00:00
AAL
Best Airline Stocks to Own When the Industry Takes Off Again
Few industries have suffered more in 2020 than airline stocks. The COVID-19 coronavirus outbreak has slammed the brakes on air travel, and as a result, most of America's airline carriers are down between 35% and 65% year-to-date. But there's some hope for airlines. The $2 billion CARES Act rescue bill approved by Congr...
2020-04-15 00:00:00+00:00
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Major Airlines Reach Deal With US Treasury On Payroll Aid
(RTTNews) - Major US airlines agreed to general terms with the U.S. Treasury regarding their participation in the Payroll Support Program that will prevent layoffs in the airline industry hit by the COVID-19 pandemic. President Donald Trump last month signed the $2 trillion coronavirus economic stimulus bill that repor...
2020-04-15 00:00:00+00:00
AAL
With a Bailout Agreement in Place, Is It Safe to Buy Airline Stocks?
The airlines secured the first tranche of their bailout late Tuesday, with a group of 10 public and privately held carriers agreeing to terms to receive some of the $25 billion in payroll support authorized under the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The deals came after a week...
2020-04-14 00:00:00+00:00
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UK shares slide on coronavirus worries, BAT slumps
By Devik Jain and Sruthi Shankar April 14 (Reuters) - UK stock markets fell on Monday as shares in British American Tobacco slumped on report of a U.S. criminal probe, while signs that Britain will remain under lockdown for a longer period dented the mood. The blue-chip FTSE 100 index .FTSE fell 0.5% as the UK governme...
2020-04-14 00:00:00+00:00
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U.S. Treasury, airlines reach agreement in principle on payroll aid -sources
By Tracy Rucinski and David Shepardson April 14 (Reuters) - The U.S. Treasury Department and passenger airlines have reached an agreement in principle on a $25 billion payroll support package meant to help airlines weather the economic impact of the coronavirus on travel demand, sources with knowledge of the matter sai...
2020-04-14 00:00:00+00:00
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Boeing 737 MAX cancellations pile up during production halt
By David Shepardson and Rachit Vats April 14 (Reuters) - Boeing Co BA.N on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsened disruptions from the grounding of its best-selling jet. The U.S. planemaker posted a total of 150 MAX cancellations in March, includi...
2020-04-14 00:00:00+00:00
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Boeing 737 MAX cancellations mount amid production halt
April 14 (Reuters) - Boeing Co BA.N on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsens disruptions from the grounding of its best-selling jet. The U.S. planemaker posted a total of 150 MAX cancellations in March, including 75 previously reported from Irish ...
2020-04-14 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-U.S. airlines, banks, General Electric, Tesla, J&J
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street rose more than 2% on Tuesday on signs some economies would ease strict coronavirus-induced lockdowns, with investors also looking at quarterly e...
2020-04-14 00:00:00+00:00
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Wall Street set for gains as JPMorgan, J&J kick off earnings
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window JPMorgan, Wells Fargo quarterly profits slump J&J beats profit estimates, boosts quarterly dividend China's exports, imports shrink less-than-expected Tesla climbs on Credit Suisse upgrade Futures jump: Dow 1.54%, S&P 1.54%, Nasdaq 1.8...
2020-04-14 00:00:00+00:00
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US STOCKS-China data lifts futures as JPMorgan, J&J kick off earnings
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window JPMorgan quarterly profit slumps J&J beats profit estimates, but lowers 2020 forecast China's exports, imports shrink less than expected Tesla climbs on Credit Suisse upgrade Futures rise: Dow 1.21%, S&P 1.00%, Nasdaq 1.33% Adds quote,...
2020-04-14 00:00:00+00:00
AAL
3 Reasons to Think Twice Before Investing in American Airlines Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Over the past month, the airline industry has been hit hard by the spread of the novel coronavirus. The demand for air travel disappeared practically overnight, and all of the major airlines are feeling the effects, including American Airlines (NASDAQ:AAL)....
2020-04-14 00:00:00+00:00
AAL
UK shares lag Europe on coronavirus worries, BAT slumps
For a live blog on European stocks, type LIVE/ in an Eikon news window FTSE 100 down 0.35%, FTSE 250 drops 1.05% April 14 (Reuters) - UK stock markets edged lower on Monday as shares in British American Tobacco slumped on reports of a U.S. criminal probe, while signs that Britain will remain under lockdown for a longer...
2020-04-14 00:00:00+00:00
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BUZZ-U.S. STOCKS ON THE MOVE-J&J, Apple, Roku, Tesla, U.S. airlines
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes were set to open higher on Tuesday as the quarterly earnings season began in earnest with JPMorgan Chase and Johnson & Johnson of...
2020-04-14 00:00:00+00:00
AAL
Why Airline Shares Are Up Today
What happened Airline stocks were under pressure on Monday due to investor fears that the much-anticipated federal bailout funds might be more difficult to access than first imagined. A day later, the outlook for a bailout is much better, and airline stocks are responding with gains. Shares of United Airlines Holdings ...